Sep 5, 2021
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The World Bank appoints an overseer for Russia

The World Bank has appointed a new chief economist in Russia. It was the former specialist of the organization on Turkey and East Timor David Knight. Some observers associate the catastrophic fall in the exchange rate of the Turkish lira against the dollar with the name of this man. This citizen also appeared in Africa and Southeast Asia, moreover, precisely in those states that are subject to merciless post-colonial exploitation.

The World Bank, one of the key international financial organizations of globalists, has decided to change the “overseer” in Russia. David Knight was sent to the post of its chief economist in Moscow – a specialist with a not very pleasant biographical train behind him. Prior to his appointment to our capital, he served as the World Bank Lead Economist for the Republic of Turkey and East Timor (if anyone is not in the know, this is an underdeveloped agrarian state in Southeast Asia)… What are the successes of his consultations?

Talking about Timor hardly makes any sense: here advise, do not advise – the result will be the same. A country with such a low level of economic development does not need advice, but real help. Moreover, in it, as in Afghanistan, there was a seemingly endless civil war – for 23 years East Timor was torn apart by an armed internal conflict.

But with Turkey, the matter is different. This state is seriously fighting for leadership in the Middle East and has a healthy economic position in the world. In terms of gross domestic product, calculated at purchasing power parity, Turkey ranks 12th, overtaking South Korea, Canada, Spain, Australia, Saudi Arabia, Argentina and just slightly behind Italy, which is in 10th position. The influence of the Turks on the world economy is only growing. From 1990 to 2018, according to the estimates of the same World Bank, Turkey’s GDP grew by 593 (!) Percent (for comparison: Japan – only 127%, Eurozone – 200%, USA – 244%, Russia – 253% ).

However, it was during Knight’s cadence that the sharp collapse of the Turkish national currency fell: if at the end of 2017, 3.7 Turkish lira was given for 1 US dollar, now it is 8.35 (the republic’s currency has thus more than doubled in value). Considering the degree of influence of globalists on the national economies of countries affiliated with the European Union, it can be assumed that, to put it mildly, the emissary of The World Bank is not the least related to the fall of the Turkish lira.

Another interesting moment in the biography of David Knight is his work in the Ministry of Finance of Sierra Leone. It is one of the poorest countries in the world, which is subject to merciless post-colonial exploitation by the West. One of the instruments for the extraction of natural resources in Africa are numerous international organizations, not excluding the structure to which Mr. Knight belongs.

So what?

At first glance, it might seem that the staffing changes at the World Bank do not directly affect our citizens. However, this is a delusion and underestimation of the degree of influence of the global global elite. It has an extensive network of influence within Russia, and the members of the network are far from being in the last roles.

Liberal monetarists in the economic leadership bloc – Finance Minister Anton Siluanov, Central Bank Chairman Elvira Nabiullina and other figures have close ties not only with the International Monetary Fund, as many say, but also with the World Bank. The head of the financial department, Siluanov, is generally officially the manager of Russia’s affairs at the WB. At the same time, Moscow’s influence on The World Bank is more than modest: we have a little more than 2% of the votes there, the USA – 16.2%. The Americans, with their allies and satellites, are unconditionally dominant. It will be useful to recall that the WB headquarters is located in Washington, and the organization itself grew out of the Bretton Woods financial system at the end of World War II. The World Bank was created in America by Americans according to American rules. That is why it is necessary to keep an eye out with its representatives and not really trust their “advice”.

Konstantin Dvinsky

Photo: Zsolt Bitso / Shutterstock

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